Vice President, Third Party Risk Management Market Lead
Citi · India · 2mo ago
The Third‑Party Risk Management Market Lead is accountable for driving the execution of Citi’s TPM program for TPM International Market, ensuring alignment with Group policies and compliance with applicable local regulatory requirements.
Procurement and Third-Party Management (P&TPM) is responsible for procuring products and services for Citigroup and manages the risk associated with Citi's use of and reliance upon third party relationships, including outsourced arrangements, across all business lines and locations. P&TPM defines and oversees the implementation of policies and standards that provide controls to assess and manage risk related to Citi's third-party relationships and outsourcing arrangements. The goal of P&TPM is to support Citi's selection and management of third-parties capable of providing products and services in a safe and sound manner and at a reasonable cost and to manage the risk associated with third parties.
Responsibilities:
- Lead and drive Third Party Risk Management regime for the TPM International market, ensuring effective compliance to local third-party and outsourcing regulations, including Citi’s Global policies and standards.
- Drive root cause analysis of third-party risk issues and work with business and in-business risk and control, on effective correction action plans.
- Partner with businesses, including Chief Country Officer and Head of Operations, to properly assess broader impact, and require implementation of correct action plans where broader applications were identified.
- Assess the effectiveness of the current TPM practices and lead enhancement opportunities to standards and procedures, control, and governance processes, to help ensure sustainability and optimization of the country TPM landscape.
- Leverage change management approaches and methods, assess capacity and readiness for change. Use the assessment to work with P&TPM and business leaders to establish implementation plan for process improvement/transformation.
- Partner in supporting updates, reviews and request fulfilment to Independent Operational Risk Management, Compliance, Internal Audit and Regulators.
- Administer and lead the Country committee/forum as per charter and ensure that all discussions/actions are documented and communicated to all members.
- Responsible in maintaining country TPM procedure and ensure both Global policies and standards, and Local Regulation requirement are met. This includes overseeing and maintaining of local third-party inventory, and the end-to-end life cycle of TPM (not limited to onboarding assessment, continuous monitoring, termination process).
- The successful candidate must be able to work in accordance with APAC business hours to effectively support local stakeholders and regulatory requirements
Qualifications:
- 10+ years of experience in third-party risk management, operational risk or related field within the Banking or Financial Services sector.
- In-depth knowledge of TPRM frameworks, risk management methodologies, and regulatory requirements.
- Strong ability in analyzing complex risks, identifying root causes and develop practical solutions. Detailed-oriented with a structured and logical approach to problem-solving.
- Excellent interpersonal and communication skills, with proven ability to build strong relationships across functions, and skilled in influencing and collaborating with stakeholders at all levels.
- Solid understanding of governance frameworks and experience in supporting audits and regulatory reviews.
- Proactive, self-driven and capable of managing multiple priorities in fast-paced setting.
Education:
- Bachelor’s/University degree or equivalent experience, potentially Masters degree.
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Job Family Group:
Project and Program Management------------------------------------------------------
Job Family:
Program Management------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Most Relevant Skills
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Other Relevant Skills
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